London Stock Exchange Group chief executive Xavier Rolet has joined the Prime Minister on a visit to Saudi Arabia at a time he is attempting to win a role in the world’s largest initial public offering (IPO).
London is in competition with the likes of New York and Tokyo to co-host the expected flotation of state-owned oil giant Saudi Aramco next year.
Stock exchanges and bankers across the world are eagerly awaiting the Aramco float, which it is thought could value the company at up to $2 trillion.
In February, it was reported that New York-based investment bank Moelis had been appointed as sole independent adviser to Aramco on the IPO.
Rolet will join Theresa May at a finance roundtable at the Saudi stock exchange today.
The London Stock Exchange declined to comment.